Project details
Agreement on the terms for insurance of industrial and commercial properties is based on assessments of potential loss by risk engineers arising from a variety of hazards together with the exposure and vulnerability of the property to the materialisation of each hazard. While standardised quantitative methods are available for modelling natural hazards such as flooding, exposure, vulnerability and the risk analysis of other hazards such as fire, explosion, crime and are based on the judgement-based assessments of experienced professionals using a mix of qualitative and quantitative methods. A central challenge in applying technology to property risk assessment and insurance is developing a digitally supported management of all the supporting professional knowledge and practice that underpins these risk assessments.
The aim of this project is to understand the complexity of the knowledge management problem in the risk assessment of commercial and industrial property. It will review the various knowledge management practices at the different countries, and design knowledge management and digital transformation strategies to help WTW to improve the dispersed knowledge management processes used in these risk assessments. It can also resolve problems and inconsistencies in the management of knowledge in property risk assessment.
This research will draw on the expertise at Loughborough and in the School of Business and Economics Centre for Information Management in information systems, digital transformation, strategy, IS and digital strategies and knowledge management (strategies), exploring how to codify the tacit knowledge of risk engineers in assessing property risks and developing knowledge management and digital transformation strategies to implement a knowledge management system to help share and use the codified knowledge across and between organisations.
This PhD project will be one of six PhD projects being pursued in a cross-disciplinary mini-College of Doctoral Training (mini-CDT) running at Loughborough University from 2022 to 2026. This mini-CDT is part financed and supported by the WTW Research Network, the award winning collaboration between academia, finance and research industries on the understanding and quantification of risk.
This industry collaboration builds on the earlier partnership between Loughborough University and WTW in the recently completed TECHNGI research project on technology and next generation insurance services. A full description of the mini-CDT, of the individual PhD projects and of the support provided by the WTW Research Network is available.
Entry requirements
UK and International applicants welcome.
Students should have or expect to achieve an MSc in relevant subject area.
English language requirements
Applicants must meet the minimum English language requirements. Further details are available on the International website.
Fees and funding
The studentship is for 3 years and provides a tax-free stipend of £17,668 per annum for the duration of the studentship plus tuition fees at either the UK or International rate.
This PhD project will be one of six PhD projects being pursued in a cross-disciplinary mini-College of Doctoral Training (mini-CDT) running at Loughborough University from 2022 to 2026. This mini-CDT is part financed and supported by the WTW Research Network, the award winning collaboration between academia, finance and research industries on the understanding and quantification of risk.
How to apply
All applications should be made online. Under programme name, select Business School. Please quote the advertised reference number SBE23-BS-CDT in your application.
Please upload with your application the following supporting documents:
- A curriculum vitae
- An 800 word personal statement explaining your interest in, and aptitude for, the topic of this research project, and the qualities you can bring to the project
- Copies of your transcripts/certificates, English Language certificate
- The details for two academic referees who will be contacted if you are invited to interview (ideally one from your Masters degree)
Interviews are due to take place late February.
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